Baytex Energy (BTE) to Release Quarterly Earnings on Thursday

Baytex Energy (TSE:BTE - Get Free Report) NYSE: BTE will announce its earnings results after the market closes on Thursday, October 31st. Analysts expect the company to announce earnings of C$0.19 per share for the quarter.

Baytex Energy (TSE:BTE - Get Free Report) NYSE: BTE last announced its earnings results on Thursday, July 25th. The company reported C$0.13 EPS for the quarter, missing the consensus estimate of C$0.16 by C($0.03). Baytex Energy had a negative return on equity of 9.55% and a negative net margin of 11.92%. The company had revenue of C$1.13 billion for the quarter, compared to the consensus estimate of C$1.04 billion.

Baytex Energy Stock Performance

BTE traded up C$0.07 on Friday, reaching C$4.11. The company had a trading volume of 4,363,653 shares, compared to its average volume of 4,704,395. The stock has a market cap of C$3.31 billion, a P/E ratio of -5.96, a P/E/G ratio of 0.12 and a beta of 2.61. The company has a debt-to-equity ratio of 62.33, a quick ratio of 0.77 and a current ratio of 0.72. Baytex Energy has a fifty-two week low of C$3.85 and a fifty-two week high of C$6.35. The company's fifty day moving average is C$4.40 and its 200 day moving average is C$4.72.

Baytex Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, October 1st were given a $0.023 dividend. This represents a $0.09 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend was Monday, September 16th. Baytex Energy's payout ratio is -13.04%.

Analysts Set New Price Targets

Several analysts recently issued reports on BTE shares. Canaccord Genuity Group reduced their price target on Baytex Energy from C$6.50 to C$6.00 in a research note on Tuesday. Royal Bank of Canada reduced their target price on shares of Baytex Energy from C$6.50 to C$5.50 in a research report on Tuesday, September 17th. Raymond James upgraded shares of Baytex Energy to a "hold" rating in a research note on Thursday, October 17th. TD Securities dropped their price objective on shares of Baytex Energy from C$6.00 to C$5.50 in a research note on Tuesday, October 1st. Finally, National Bankshares decreased their target price on shares of Baytex Energy from C$8.00 to C$7.50 in a research report on Friday, September 27th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$6.11.

Insider Transactions at Baytex Energy

In other Baytex Energy news, Senior Officer Chadwick Kalmakoff purchased 12,000 shares of the stock in a transaction dated Friday, September 6th. The stock was bought at an average price of C$4.18 per share, with a total value of C$50,160.00. 0.83% of the stock is currently owned by insiders.

About Baytex Energy

Baytex Energy Corp., an energy company, engages in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford, the United States. The company offers light oil and condensate, heavy oil, natural gas liquids, and natural gas.